{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI CAC 40 ESG UCITS ETF DR - EUR",
    "investment_objective": "Track the performance of CAC 40 ESG Index with minimized tracking error",
    "primary_asset_class": "Equity",
    "geographic_focus": "France / Europe",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity ETF that physically replicates the CAC 40 ESG Index by direct investment in underlying securities. The KIID and PRIIPs KID explicitly state the replication method is 'Direct Replication' mainly by direct investments in transferable securities representing the index constituents. Derivatives are only used marginally for managing inflows/outflows or to gain better exposure to index constituents, not as an inherent part of the investment strategy, so derivative exposure is minimal and for risk management purposes only. There is no mention of synthetic replication, swap agreements, or counterparty risk related to derivatives. The fund does not employ leverage, inverse or amplified exposure. The risk profile is moderate (5/7), reflecting market risk of French equities, with no capital protection or structured features. Costs are straightforward with a single ongoing charge of 0.25%, no performance fees, and no swap or derivative fees. The underlying assets are liquid, large-cap French equities with ESG criteria applied, and the index methodology is a best-in-class ESG selection from a large liquid parent index. The factsheet confirms physical replication and no use of swaps or synthetic structures. There are no complex underlying assets such as contingent convertible bonds or CLOs. No complexity flags such as capital protection, leverage, or significant counterparty risk are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF is straightforward, transparent, and tracks a well-known equity index with ESG overlay, making it non-complex under MiFID II criteria."
}